Table 1

Prosperity-related and austerity-related economic events in Greece that were tested as time-series interruptions from 1983–2012

MonthEvent typeDescription of economic interruption
September 1997Prosperity-relatedInternational Olympic Committee announces that Greece will host the 2004 Summer Olympic Games
June 2000Prosperity-relatedGreece is accepted into the Economic and Monetary Union of the European Union (EU)
January 2002Prosperity-relatedGreece is among the first wave of European countries to launch Euro banknotes and coins
August 2004Prosperity-relatedOlympic Games are held in Athens, Greece
October 2008Austerity-relatedStart of the recession in Greece as marked by the beginning of a sustained per cent reduction in national gross domestic product and protesters confronting police, who responded with tear gas
March 2010Austerity-relatedGreek government announces a series of new austerity measures amid strikes, riots and protests
May 2010Austerity-relatedGreek government passes a series of new austerity measures alongside widespread stoppages, protests, riots and violence
May 2011Austerity-relatedLarge organised public protests of austerity measures in multiple major cities across Greece
June 2011Austerity-relatedGreek government passes a series of new austerity measures alongside widespread protests, strikes, riots and violence
October 2011Austerity-relatedGreek government passes a series of new austerity measures alongside widespread protests and strikes
February 2012Austerity-relatedGreek government passes a series of new austerity measures amid large protests, riots and violence
April 2012Austerity-relatedGreek pensioner openly commits highly publicised suicide in the main square of Athens in response to austerity conditions